With competing economies, energy prices play a big part in it.
Take away the subsidies from fossils and see how good they are, and also Trump had to disarm the EPA to gain access to oil reserves off the California coast, and he's unfunded all the green projects in the US.
Trump's deliberately done things to steer investment and growth away from renewables.
Now he's so desperate he's trying to take over Canada and Greenland for their resources.
Australia is just a puppet to the US.
"Dutton had earlier – in his Budget reply speech – presented a carbon copy of Donald Trump’s cynical vandalism of climate and energy initiatives – promising tear up the Rewiring the Nation program, disrupting the roll out of large-scale renewables, and betting the whole economy on fossil gas and the magic pudding of nuclear power."
https://reneweconomy.com.au/dutton-goes-full-trump-on-climate-energy-and-industry-as-albanese-sets-may-3-election-date/
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FMG
fortescue ltd
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$15.73

With competing economies, energy prices play a big part in it....
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Last
$15.73 |
Change
0.070(0.45%) |
Mkt cap ! $48.43B |
Open | High | Low | Value | Volume |
$15.65 | $15.77 | $15.36 | $101.0M | 6.426M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5 | $15.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.74 | 15541 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 15.710 |
1 | 63 | 15.700 |
1 | 1250 | 15.670 |
2 | 1076 | 15.660 |
4 | 1280 | 15.650 |
Price($) | Vol. | No. |
---|---|---|
15.750 | 8808 | 3 |
15.760 | 1002 | 1 |
15.770 | 14458 | 4 |
15.780 | 3000 | 2 |
15.790 | 2200 | 1 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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FMG (ASX) Chart |